Stock Market Evening News by CapitalHeight

Stock Market Closing News:

Equity benchmarks recouped losses in late trade on support by FMCG, healthcare, power, mining and select technology stocks. The Sensex fell 31 points to 26744.69 (which had shed more than 200 points intraday), and the Nifty declined 15.15 points to 8002.40.

About 1031 shares have advanced, 1928 shares declined, and 102 shares are unchanged.

 Jindal Steel and Power tanked 10 percent after Supreme Court's verdict on coal block allcoation cast. The apex court cancelled 214 coal blocks and four exempted. Exempted blocks include allocation to Sasan UMPP and allocations to NTPC and SAIL, SC said. Reliance Power was up 5 percent.
L&T, SBI, TCS, ICICI Bank, HDFC, Tata Motors, Tata Steel, Axis Bank, Bajaj Auto, BHEL and Hero Motocorp were down 1-3 percent while ITC, HUL, Infosys, ONGC, Cipla and Wipro gained 1-3 percent.

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